In December 2012, the company failed to recognize $5,700 in consulting revenue earned during 2012. This revenue
Question:
(1) The error was found in May 2013 after the 2012 books had been closed
(2) The error was found in May 2014 after the 2013 books had been closed. Ignore income taxes.
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1 Consulting Revenue 5700 Retained Earnings 5700 2 No correcting entry is necessa...View the full answer
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